An Old Town Scottsdale apartment project that will include renovating and reusing a historic building will begin construction this month.
Florida-based Mill Creek Residential bought 2 acres at Indian School and Scottsdale roads for $17.6 million. The site was part of a development that included the AC Hotel Scottsdale Old Town, which completed construction in early 2026. It includes 168 guest rooms, a rooftop bar and restaurant and a first-floor restaurant.
The apartment component of the project, planned by PEG Companies, was never built.
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Tyler Wilson, senior managing director of construction for Mill Creek, said his company “fell in love with the project immediately” when its leaders saw the plans, and bought the apartment site from PEG Companies. It is zoned up to 190 units and will reach six stories tall. The apartments on the top floor will have rooftop patios.
The apartment project will incorporate the historic “Kimsey” building on the site. The building was designed by Ralph Haver and built in 1962. Wilson said the group plans to reuse the whole building, keep the façade and make repairs. It will serve as the leasing office, gym and resident lounge.
“This is something our firm really thrives on, finding opportunities that are a bit more unique, a bit more challenging,” Wilson said. The project is very similar in design and scope to what had originally been proposed by PEG.
It is also required to have a public art installation, which will be complementary to the art installation that was built with the hotel, a sculpted shade structure that looks like flowers and fire.
Construction will take about two years, Wilson said.
Reporting by Corina Vanek, Arizona Republic
